Bombardier, Inc. Class B (TSE:BBD.B) Given New C$142.00 Price Target at Desjardins

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price target cut by equities research analysts at Desjardins from C$145.00 to C$142.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Desjardins' price target indicates a potential upside of 70.78% from the company's previous close.

Other equities analysts have also recently issued reports about the company. National Bank Financial increased their target price on Bombardier, Inc. Class B to C$128.00 and gave the stock an "outperform" rating in a report on Thursday, October 10th. UBS Group raised their price objective on shares of Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research note on Wednesday, January 15th. BMO Capital Markets boosted their target price on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research report on Tuesday, January 7th. CIBC dropped their price target on shares of Bombardier, Inc. Class B from C$126.00 to C$110.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, Scotiabank downgraded Bombardier, Inc. Class B from an "outperform" rating to a "sector perform" rating and set a C$120.00 price target for the company. in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Bombardier, Inc. Class B currently has an average rating of "Moderate Buy" and a consensus target price of C$112.33.

Bombardier, Inc. Class B Trading Up 4.1 %

BBD.B stock traded up C$3.29 during mid-day trading on Friday, reaching C$83.15. The company's stock had a trading volume of 887,640 shares, compared to its average volume of 617,195. Bombardier, Inc. Class B has a 12 month low of C$44.29 and a 12 month high of C$113.60. The business's 50 day moving average price is C$94.54 and its 200 day moving average price is C$95.36. The company has a market cap of C$7.19 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Transactions at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 5,000 shares of the business's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total transaction of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. 1.66% of the stock is currently owned by company insiders.

About Bombardier, Inc. Class B

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.